Forbes: With Hillary As President, 'Wall Street Will Be Delighted'

With the New York primaries now in the rearview mirror, Kitco News heard from outspoken, NY-native and longtime trends forecaster Gerald Celente, who suggests gold might want to see Republican Senator Ted Cruz at the White House come 2017. Meanwhile, Wall Street might push for a Hillary Clinton presidency.

Kitco News’ new series – Gold-Ocracy – asks veteran industry experts how they think Hillary Clinton, Bernie Sanders, Ted Cruz, John Kasich, and of course, Donald Trump could affect the global economy. Stay tuned every Friday as a new expert opinion is unveiled and as they share who they think would be best for gold and stock markets, as well as who they think the Federal Reserve fears most at the White House.

With the New York primaries now in the rearview mirror, Kitco News heard from outspoken, NY-native and longtime trends forecaster Gerald Celente, who suggests gold might want to see Republican Senator Ted Cruz at the White House come 2017. Meanwhile, Wall Street might push for a Hillary Clinton presidency.

Tuesday, Hillary Clinton and Donald Trump won the majority vote in New York, with both candidates maintaining the lead in their respective parties.

Expert: Gerald Celente

Claim to fame: Founder of The Trends Research Institute & Publisher of the Trends Journal

Which presidential candidate would be best for gold? Why? According to Celente, Sen. Cruz has already been campaigning for a gold standard, which would suggest he is the best presidential candidate for gold prices.

“On a global level, if the dollar, still the world’s dominant reserve currency, was pegged to gold, other nations would be obliged to follow,” Celente explained. “Thus, demand for gold would far outstrip supply; and, the more demand, the higher the price.”

However, Celente added that a gold standard could also work against gold, if not properly pegged to the dollar.
Who would be best for U.S. economy and the dollar? Why?Celente said that if Hillary Clinton were elected, she would bring “more of the same” for the U.S. dollar and the economy, which he argues isn’t working.

As for “wild card” Donald Trump, the American people perceive him as the best alternative, he said.

Considering his campaign rhetoric, he would be viewed by the general public as best for the economy and dollar.”

Who would be best for stock markets? Why? “With Hillary as President, Wall Street will be delighted,” Celente said.

Clinton has been scrutinized throughout the presidential race for her ties to Wall Street, with a CNN report showing that “big banks” have paid her at least $1.8 million in speaking fees from roughly eight speeches.

Celente questioned the motives behind Wall Street’s payments to Democratic front-runner Hillary Clinton – as well as husband, and former President Bill Clinton – over the years. “Where I come from, it’s called pay-offs.”

“Bill Clinton’s favorable equity market measures – including the deregulation of the Glass-Steagall Act – have enriched both the Clintons and Wall Street,” he said.